We just keep talking and writing and shouting about taxation here at Nomad Capitalist the same way Europeans and Americans deliberate over football.
Yes, I’m aware that they are not talking about the same thing, despite bearing the same name, but you could say the same thing about the word “taxation” in different countries: It may be the same name, but it can mean something entirely different depending on the country in question.
There are low or zero tax countries and then there are the high tax countries; depending on where you choose to plant your flags, you could be sending half your income to the government or none at all.
No, not all taxation is the same – far from it.
In today’s connected and globalized world, paying more taxes than you have to, if you pay them at all, is a costly error that is more than possible to avoid. It just takes some basic understanding of the different types of taxation, a knowledge of the different tax rates around the globe, and a bit of professional help to get your international tax affairs in order so that your tax bill comes in at a big fat $0.